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05-06-2023
Business

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The following account balances for Sugar Pop Corforation are for the year ended December 31,2021. Complete an income Statement for the year assuming the income tax rate is 20%.
Revenue = 800,00
Operating Expense = 400,00
Gain on Sale Assets = 50,00
Interest Expense = 12,00
After completing the income statement what is your Net income?
a) 400
b) 438 c) 350.40 d) None of the above?

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